China proposes expanding e-commerce law scope, platform rules
[BEIJING] China released draft amendments to its E-Commerce Law that would expand coverage beyond platforms and merchants, and revise rules governing the digital economy.
The proposal, made available for public consultation by the State Administration for Market Regulation and the Ministry of Commerce, would change platform responsibility rules by adding regulatory measures alongside existing penalties such as fixed fines and business suspension orders.
The plan includes a framework for businesses engaged in cross-sector operations, including consistent oversight of online and offline activities, and greater coordination among government departments and between central and local authorities.
The amendments would further clarify the rights and obligations of participants in the platform economy and revise provisions targeting serious violations in e-commerce that regulators said have generated strong public concern.
The draft includes provisions on international cooperation, industry self-discipline and support for overseas business expansion.
Regulators said it would promote compatibility between China’s e-commerce rules, regulation, management and standards and international practices, while adding countermeasures aimed at protecting enterprises’ lawful rights and interests. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
How I knew I was ready to retire at 50
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis